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Global IoT in Manufacturing Market-Technologies, Market share and Industry Forecast to 2024

  • ID: 4718703
  • Report
  • Region: Global
  • 240 Pages
  • Occams Business Research and Consulting
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The Global IoT in Manufacturing Market is Expected to Have an Impressive CAGR of 29.4%

FEATURED COMPANIES

  • Bosch (Germany)
  • CSC (U.S.)
  • Huawei (China)
  • Microsoft (U.S.)
  • SAP (Germany)
  • Verizon (U.S.)
  • MORE

The global IoT in manufacturing market is expected to have an impressive CAGR of 29.4% during the forecast period 2017-2024.

The global IoT in manufacturing market is mainly driven by rising adoption of the cloud environment and rise in the number of cost-effective, intelligent connected devices. However, data security and privacy concerns acts as major restraining factor for the global IoT in manufacturing market.

Geographically, North America holds the largest market share in IoT in manufacturing market owing to the deployment of advanced IoT technolgies such as Industry 4.0, augmented reality and virtual reality. Moreover, North America leads the global IoT in manufacturing market due to the increasing digitization in manufacturing by large organizations and growing number of SMEs which positively influence the market growth of the IoT in manufacturing market in this region.

Furthermore, Asia Pacific is estimated to rise at the highest growth rate owing to the rising adoption of advanced and dynamic technologies and government investment in the R&D of IoT in manufacturing solutions and services.
The global IoT in manufacturing market is segmented on the basis of solution, platform, service, application and vertical.

The solution segment of IoT in manufacturing includes application management, device management, network management, data management, and smart surveillance. Based on service segment the market is classified into managed and professional services of which managed services dominated the market as managed services play an important role in the deployment of IoT in manufacturing solutions as per the client’s requirement.

Based on vertical segment the market is classified into high-tech products, energy and utilities, healthcare, automotive, aerospace and defense, food and beverages, chemicals and material, and others, out of which energy and utilities is expected to grow at the highest CAGR since IoT is extensively used in energy and utilities to implement the IoT-based technology solutions and related services in the mining and oil & gas sectors.

The growth in global IoT in manufacturing market is also impacted by the presence of major players such as IBM (United States), Microsoft (United States), General Electric (United States), SAP (Germany), Zebra Technologies (United States), Siemens AG (Germany), Bosch (Germany), Schneider Electric (France) and PTC (United States). Major players are also adopting some of the crucial strategies such as mergers & acquisitions, product launches, etc. to sustain in the market.

For instance, in 2016, IBM has agreed upon a partnership with Schaeffler to escalate the digital transformation of its entire operations along with the customer solutions through its Watson’s cognitive intelligence and Insight.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch (Germany)
  • CSC (U.S.)
  • Huawei (China)
  • Microsoft (U.S.)
  • SAP (Germany)
  • Verizon (U.S.)
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global IoT In Manufacturing Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Vs. Adoption Model
2.7.2. 360-Degree Industry Analysis
2.7.3. Porter’s 5 Force Model
2.7.4. See-Saw Analysis
2.7.5. Consumer Analysis And Key Buying Criteria
2.8. Competitive Analysis
2.8.1. Key Strategies & Analysis
2.8.2. Market Share Analysis & Top Company Analysis
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities By Regions
2.9.2. Opportunities In Emerging Applications
2.9.3. Investment Opportunity In Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Rising Adoption Of Cloud Environment
3.1.2. Rise In Number Of Intelligent, Cost-Effective Connected Devices
3.1.3. Convergence Of Operational Technology (Ot)/Information Technology (It)
3.1.4. Demand-Driven Supply Chain And Connected Logistics
3.2. Market Restraints
3.2.1. Data Security And Privacy Concerns
3.2.2. Lack Of Standards For Interoperability And Interconnectivity
3.3. Market Opportunities
3.3.1. Content Maturity Model
3.3.2. Improving Manufacturing Sector In India And China
3.4. Market Challenges
3.4.1. Data Migration Challenges
3.4.2. Inconsistent Business Semantics And Conflicts Related To Data Ownership

4. Global IoT In Manufacturing Market By Solution
4.1.1. Market Definition And Scope
4.1.2. Decision Support Database & Estimation Methodology
4.1.3. Comparative Analysis Across Market Segments
4.1.4. Opportunity Matrix
4.1.5. Market Segmentation
4.1.5.1. Global Network Management Market
4.1.5.1.1. Adoption Scenario & Market Determinants
4.1.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.1.3. Key Conclusions
4.1.5.2. Global Data Management Market
4.1.5.2.1. Adoption Scenario & Market Determinants
4.1.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.2.3. Key Conclusions
4.1.5.3. Global Device Management Market
4.1.5.3.1. Adoption Scenario & Market Determinants
4.1.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.3.3. Key Conclusions
4.1.5.4. Global Application Management Market
4.1.5.4.1. Adoption Scenario & Market Determinants
4.1.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.4.3. Key Conclusions
4.1.5.5. Global Smart Surveillance Market
4.1.5.5.1. Adoption Scenario & Market Determinants
4.1.5.5.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.5.3. Key Conclusions

5. Global IoT In Manufacturing Market By Platform
5.1.1. Market Definition And Scope
5.1.2. Decision Support Database & Estimation Methodology
5.1.3. Comparative Analysis Across Market Segments
5.1.4. Opportunity Matrix
5.1.5. Market Segmentation
5.1.5.1. Global Device Management Platform Market
5.1.5.1.1. Adoption Scenario & Market Determinants
5.1.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.1.5.1.3. Key Conclusions
5.1.5.2. Global Application Management Platform Market
5.1.5.2.1. Adoption Scenario & Market Determinants
5.1.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.1.5.2.3. Key Conclusions
5.1.5.3. Global Connectivity Management Platform Market
5.1.5.3.1. Adoption Scenario & Market Determinants
5.1.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.1.5.3.3. Key Conclusions
5.2. Global IoT In Manufacturing Market By Service
5.2.1. Market Definition And Scope
5.2.2. Decision Support Database & Estimation Methodology
5.2.3. Comparative Analysis Across Market Segments
5.2.4. Opportunity Matrix
5.2.5. Market Segmentation
5.2.5.1. Global Managed Services Market
5.2.5.1.1. Adoption Scenario & Market Determinants
5.2.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.2.5.1.3. Key Conclusions
5.2.5.2. Global Professional Services Market
5.2.5.2.1. Adoption Scenario & Market Determinants
5.2.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.2.5.2.3. Key Conclusions

6. Global IoT In Manufacturing Market By Appication
6.1.1. Market Definition And Scope
6.1.2. Decision Support Database & Estimation Methodology
6.1.3. Comparative Analysis Across Market Segments
6.1.4. Opportunity Matrix
6.1.5. Market Segmentation
6.1.5.1. Global Predictive Maintenance Market
6.1.5.1.1. Adoption Scenario & Market Determinants
6.1.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.1.3. Key Conclusions
6.1.5.2. Global Business Process Optimization Market
6.1.5.2.1. Adoption Scenario & Market Determinants
6.1.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.2.3. Key Conclusions
6.1.5.3. Global Asset Tracking And Management Market
6.1.5.3.1. Adoption Scenario & Market Determinants
6.1.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.3.3. Key Conclusions
6.1.5.4. Global Logistics And Supply Chain Management Market
6.1.5.4.1. Adoption Scenario & Market Determinants
6.1.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.4.3. Key Conclusions
6.1.5.5. Global Real-Time Workforce Tracking And Management Market
6.1.5.5.1. Adoption Scenario & Market Determinants
6.1.5.5.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.5.3. Key Conclusions
6.1.5.6. Global Automation Control And Management Market
6.1.5.6.1. Adoption Scenario & Market Determinants
6.1.5.6.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.6.3. Key Conclusions
6.1.5.7. Global Emergency And Incident Management And Business Communication Market
6.1.5.7.1. Adoption Scenario & Market Determinants
6.1.5.7.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.7.3. Key Conclusions

7. Global IoT In Manufacturing Market By Vertical
7.1.1. Market Definition And Scope
7.1.2. Decision Support Database & Estimation Methodology
7.1.3. Comparative Analysis Across Market Segments
7.1.4. Opportunity Matrix
7.1.5. Market Segmentation
7.1.5.1.  Global Energy And Utilities Market
7.1.5.1.1. Adoption Scenario & Market Determinants
7.1.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.1.3. Key Conclusions
7.1.5.2. Global Automotive Market
7.1.5.2.1. Adoption Scenario & Market Determinants
7.1.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.2.3. Key Conclusions
7.1.5.3. Global Food And Beverages Market
7.1.5.3.1. Adoption Scenario & Market Determinants
7.1.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.3.3. Key Conclusions
7.1.5.4. Global Aerospace And Defense Market
7.1.5.4.1. Adoption Scenario & Market Determinants
7.1.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.4.3. Key Conclusions
7.1.5.5. Global Chemicals And Materials Market
7.1.5.5.1. Adoption Scenario & Market Determinants
7.1.5.5.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.5.3. Key Conclusions
7.1.5.6. Global High-Tech Products Market
7.1.5.6.1. Adoption Scenario & Market Determinants
7.1.5.6.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.6.3. Key Conclusions
7.1.5.7. Global Healthcare Market
7.1.5.7.1. Adoption Scenario & Market Determinants
7.1.5.7.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.7.3. Key Conclusions
7.1.5.8. Global Others Market
7.1.5.8.1. Adoption Scenario & Market Determinants
7.1.5.8.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.8.3. Key Conclusions

8. Competitive Landscape
8.1. Key Strategies
8.1.1. List Of Mergers And Acquisition
8.1.2. List Of Joint Ventures
8.1.3. List Of Product Launches
8.1.4. List Of Partnerships

9. Geographic Analysis
9.1. Decision Support Database & Estimation Methodology
9.2. Comparative Analysis Across Market Segments
9.3. Opportunity Matrix
9.4.  Global IoT In Manufacturing Market By Region 2015-2024 ($ Million)
9.4.1. North America
9.4.1.1. Industry Analysis 2015-2024 ($ Million)
9.4.1.2. Top Country Analysis
9.4.1.2.1. U.S.
9.4.1.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.1.2.1.2. Key Conclusions
9.4.1.2.2. Canada
9.4.1.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.1.2.2.2. Key Conclusions
9.4.2. Europe
9.4.2.1. Industry Analysis 2015-2024 ($ Million)
9.4.2.2. Top Country Analysis
9.4.2.2.1. UK
9.4.2.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.1.2. Key Conclusions
9.4.2.2.2. France
9.4.2.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.2.2. Key Conclusions
9.4.2.2.3. Germany
9.4.2.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.3.2. Key Conclusions
9.4.2.2.4. Spain
9.4.2.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.4.2. Key Conclusions
9.4.2.2.5. Rest Of Europe
9.4.2.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.5.2. Key Conclusions
9.4.3. Asia Pacific
9.4.3.1. Industry Analysis 2015-2024 ($ Million)
9.4.3.2. Top Country Analysis
9.4.3.2.1. China
9.4.3.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.1.2. Key Conclusions
9.4.3.2.2. India
9.4.3.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.2.2. Key Conclusions
9.4.3.2.3. Japan
9.4.3.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.3.2. Key Conclusions
9.4.3.2.4. Australia
9.4.3.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.4.2. Key Conclusions
9.4.3.2.5. Rest Of Asia Pacific
9.4.3.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.5.2. Key Conclusions
9.4.4. Row
9.4.4.1. Industry Analysis 2015-2024 ($ Million)
9.4.4.2. Top Country Analysis
9.4.4.2.1. Latin America
9.4.4.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.4.2.1.2. Key Conclusions
9.4.4.2.2. Middle East & Africa
9.4.4.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.4.2.2.2. Key Conclusions

10. Company Profile
10.1. Bosch (Germany)
10.1.1. Overview
10.1.2. Product Portfolio
10.1.3. Strategic Initiatives
10.1.4. Scot Analysis
10.1.5. Strategic Analysis
10.2. Cisco Systems (U.S.)
10.2.1. Overview
10.2.2. Product Portfolio
10.2.3. Strategic Initiatives
10.2.4. Scot Analysis
10.2.5. Strategic Analysis
10.3. CSC (U.S.)
10.3.1. Overview
10.3.2. Product Portfolio
10.3.3. Strategic Initiatives
10.3.4. Scot Analysis
10.3.5. Strategic Analysis
10.4.  General Electric (U.S.)
10.4.1. Overview
10.4.2. Product Portfolio
10.4.3. Strategic Initiatives
10.4.4. Scot Analysis
10.4.5. Strategic Analysis
10.5. Hitachi Data Systems (U.S.)
10.5.1. Overview
10.5.2. Product Portfolio
10.5.3. Strategic Initiatives
10.5.4. Scot Analysis
10.5.5. Strategic Analysis
10.6. Huawei (China)
10.6.1. Overview
10.6.2. Product Portfolio
10.6.3. Strategic Initiatives
10.6.4. Scot Analysis
10.6.5. Strategic Analysis
10.7. IBM (U.S.)
10.7.1. Overview
10.7.2. Product Portfolio
10.7.3. Strategic Initiatives
10.7.4. Scot Analysis
10.7.5. Strategic Analysis
10.8. Microsoft (U.S.)
10.8.1. Overview
10.8.2. Product Portfolio
10.8.3. Strategic Initiatives
10.8.4. Scot Analysis
10.8.5. Strategic Analysis
10.9. PTC (U.S.)
10.9.1. Overview
10.9.2. Product Portfolio
10.9.3. Strategic Initiatives
10.9.4. Scot Analysis
10.9.5. Strategic Analysis
10.10. SAP (Germany)
10.10.1. Overview
10.10.2. Product Portfolio
10.10.3. Strategic Initiatives
10.10.4. Scot Analysis
10.10.5. Strategic Analysis
10.11. Schneider Electric (France)
10.11.1. Overview
10.11.2. Product Portfolio
10.11.3. Strategic Initiatives
10.11.4. Scot Analysis
10.11.5. Strategic Analysis
10.12. Siemens (Germany)
10.12.1. Overview
10.12.2. Product Portfolio
10.12.3. Strategic Initiatives
10.12.4. Scot Analysis
10.12.5. Strategic Analysis
10.13. Verizon (U.S.)
10.13.1. Overview
10.13.2. Product Portfolio
10.13.3. Strategic Initiatives
10.13.4. Scot Analysis
10.13.5. Strategic Analysis
10.14. Wind River (U.S.)
10.14.1. Overview
10.14.2. Product Portfolio
10.14.3. Strategic Initiatives
10.14.4. Scot Analysis
10.14.5. Strategic Analysis
10.15.  Zebra Technologies (U.S.)
10.15.1. Overview
10.15.2. Product Portfolio
10.15.3. Strategic Initiatives
10.15.4. Scot Analysis
10.15.5. Strategic Analysis

List Of Tables
1. Global IoT In Manufacturing Market By Solution 2015-2024 ($ Million)
2. Global Network Management Market By Geography 2015-2024 ($ Million)
3. Global Data Management Market By Geography 2015-2024 ($ Million)
4. Global Device Management Market By Geography 2015-2024 ($ Million)
5. Global Application Management Market By Geography 2015-2024 ($ Million)
6. Global Smart Surveillance Market By Geography 2015-2024 ($ Million)
7. Global IoT In Manufacturing Market By Platform 2015-2024 ($ Million)
8. Global Device Management Platform Market By Geography 2015-2024 ($ Million)
9. Global Application Management Platform Market By Geography 2015-2024 ($ Million)
10. Global Connectivity Management Platform Market By Geography 2015-2024 ($ Million)
11. Global IoT In Manufacturing Market By Service 2015-2024 ($ Million)
12. Global Managed Services Market By Geography 2015-2024 ($ Million)
13. Global Professional Services Market By Geography 2015-2024 ($ Million)
14. Global IoT In Manufacturing Market By Application 2015-2024 ($ Million)
15. Global Predictive Maintenance Market By Geography 2015-2024 ($ Million)
16. Global Business Process Optimization Market By Geography 2015-2024 ($ Million)
17. Global Asset Tracking And Management Market By Geography 2015-2024 ($ Million)
18. Global Logistcs And Supply Chain Management Market By Geography 2015-2024 ($ Million)
19. Global Real-Time Worforce Tracking And Management Market By Geography 2015-2024 ($ Million)
20. Global Automation Control And Management Market By Geography 2015-2024 ($ Million)
21. Global Emergenecy And Incident Management And Business Communication Market By Geography 2015-2024 ($ Million)
22. Global IoT In Manufacturing Market By Vertical 2015-2024 ($ Million)
23. Global Energy And Utilities Market By Geography 2015-2024 ($ Million)
24. Global Automotive Market By Geography 2015-2024 ($ Million)
25. Global Food And Beverages Market By Geography 2015-2024 ($ Million)
26. Global Aerospace & Defense Market By Geography 2015-2024 ($ Million)
27. Global Chemicals Amd Material Market By Geography 2015-2024 ($ Million)
28. Global High-Tech Products Market By Geography 2015-2024 ($ Million)
29. Global Healthcare Market By Geography 2015-2024 ($ Million)
30. Global Others Market By Geography 2015-2024 ($ Million)
31. North America IoT In Manufacturing  Market 2015-2024 ($ Million)
32. Europe IoT In Manufacturing Market 2015-2024 ($ Million)
33. Asia Pacific IoT In Manufacturing Market 2015-2024 ($ Million)
34. Rest Of The World IoT In Manufacturing Market 2015-2024 ($ Million)
35. North America IoT In Manufacturing By Solution Market 2015-2024 ($ Million)
36. Europe IoT In Manufacturing By Solution  Market 2015-2024 ($ Million)
37. Asia Pacific IoT In Manufacturing Market By Solution 2015-2024 ($ Million)
38. Rest Of The World IoT In Manufacturing By Solution Market 2015-2024 ($ Million)
39. North America IoT In Manufacturing By Platform Market 2015-2024 ($ Million)
40. Europe IoT In Manufacturing By Platform  Market 2015-2024 ($ Million)
41. Asia Pacific IoT In Manufacturing Market By Platform 2015-2024 ($ Million)
42. Rest Of The World IoT In Manufacturing By Platform Market 2015-2024 ($ Million)
43. North America IoT In Manufacturing By Services Market 2015-2024 ($ Million)
44. Europe IoT In Manufacturing By Services Market 2015-2024 ($ Million)
45. Asia Pacific IoT In Manufacturing Market By Services  2015-2024 ($ Million)
46. Rest Of The World IoT In Manufacturing By Services Market 2015-2024 ($ Million)
47. North America IoT In Manufacturing By Application Market 2015-2024 ($ Million)
48. Europe IoT In Manufacturing By Application Market 2015-2024 ($ Million)
49. Asia Pacific IoT In Manufacturing Market By Application 2015-2024 ($ Million)
50. Rest Of The World IoT In Manufacturing By Application Market 2015-2024 ($ Million)

List Of Figures
1. Global Network Management Market 2015-2024 ($ Million)
2. Global Data Management Market 2015-2024 ($ Million)
3. Global Device Management Market 2015-2024 ($ Million)
4. Global Application Management Market 2015-2024 ($ Million)
5. Global Smart Surveillance Market 2015-2024 ($ Million)
6. Global Device Management Platform Market  2015-2024 ($ Million)
7. Global Application Management Platform Market 2015-2024 ($ Million)
8. Global Connectivity Management Platform Market 2015-2024 ($ Million)
9. Global Managed Services Market 2015-2024 ($ Million)
10. Global Professional Services Market 2015-2024 ($ Million)
11. Global Predictive Maintenance Market 2015-2024 ($ Million)
12. Global Business Process Optimization Market 2015-2024 ($ Million)
13. Global Asset Tracking And Management Market 2015-2024 ($ Million)
14. Global Logistcs And Supply Chain Management Market 2015-2024 ($ Million)
15. Global Real-Time Worforce Tracking And Management Market 2015-2024 ($ Million)
16. Global Automation Control And Management Market 2015-2024 ($ Million)
17. Global Emergenecy And Incident Management And Business Communication Market 2015-2024 ($ Million)
18. Global Energy And Utilities Market 2015-2024 ($ Million)
19. Global Automotive Market 2015-2024 ($ Million)
20. Global Food And Beverages Market 2015-2024 ($ Million)
21. Global Aerospace & Defense Market 2015-2024 ($ Million)
22. Global Chemicals Amd Material Market 2015-2024 ($ Million)
23. Global High-Tech Products Market 2015-2024 ($ Million)
24. Global Healthcare Market 2015-2024 ($ Million)
25. Global Others Market 2015-2024 ($ Million)
26. United States (U.S.) IoT In Manufacturing Market 2015-2024 ($ Million)
27. Canada IoT In Manufacturing Market 2015-2024 ($ Million)
28. United Kingdom (UK) IoT In Manufacturing Market 2015-2024 ($ Million)
29. France IoT In Manufacturing Market 2015-2024 ($ Million)
30. Germany IoT In Manufacturing Market 2015-2024 ($ Million)
31. Spain IoT In Manufacturing Market 2015-2024 ($ Million)
32. Roe IoT In Manufacturing Market 2015-2024 ($ Million)
33. India IoT In Manufacturing Market 2015-2024 ($ Million)
34. China IoT In Manufacturing Market 2015-2024 ($ Million)
35. Japan IoT In Manufacturing Market 2015-2024 ($ Million)
36. Australia IoT In Manufacturing Market 2015-2024 ($ Million)
37. Roapac IoT In Manufacturing Market 2015-2024 ($ Million)
38. Latin America IoT In Manufacturing Market 2015-2024 ($ Million)
39. Mena IoT In Manufacturing Market 2015-2024 ($ Million)

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch (Germany)
  • CSC (U.S.)
  • Huawei (China)
  • Microsoft (U.S.)
  • SAP (Germany)
  • Verizon (U.S.)
  • MORE

Global IoT in manufacturing market is expected to grow with an impressive CAGR of 29.4% during the forecast period 2017-2024

IoT is transforming the way organizations operate and manage their business. IoT in manufacturing enables collection of data from different things about production, quality, operations, quality and consumption, and use it to streamline and refine the business process.

Industrial IoT has emerged as an important tool with corresponding implications for data analytics in manufacturing. One of the key trends in the market is the rising adoption of IoT in manufacturing and industrial sector considering its benefits such as its capacity to receive, gather and send information, embed connectivity and intelligence into devices and set up processes and applications in order to analyse data and automate manufacturing processes.

As per the company sources, on May 2017, Mitsubishi and KUKA AG agreed for a partnership with SAP to get IoT applications. This partnership would help both the companies to access IoT applications such as connectivity management, remote device and predictive maintenance which also shows the rising adoption of IoT in manufacturing and industrial sector.

Furthermore, IoT in manufacturing market is experiencing a boom owing to the convergence of IT (Information Technology) and OT (Operational Technology) and rising adoption of the cloud environment which is anticipated to boost the global IoT in manufacturing market across the globe. Some of the notable strategic initiatives adopted by key market players are merger & acquisition and partnership.

For instance, in 2016, IBM signed a multi-year strategic partnership agreement with Schaeffler (Germany), an automotive industry company, to promote the digital transformation of customer solutions and its all operations by tapping IBM’s Watson IoT technologies. Furthermore, improving manufacturing sector in emerging economies, such as India, China, etc., is anticipated to provide huge growth prospects for global IoT in manufacturing market.

Convergence of IT and OT: Major Growth Promoter

The convergence of IT and OT is likely to rise the growth of the IoT in manufacturing market across the globe. Government of Europe has introduced an initiative named Industry 4.0 initiative in 2011 that emphasizes on the use of automated machines and use of IoT efficiently to predict failures and autonomously trigger maintenance processes.

The Industry 4.0 initiative is adopted throughout Europe. With the help of Industry 4.0 initiative, the integration of OT and IT is possible to monitor processes, events and devices. OT's transformation through IT integration brings with it the required consideration of security.

For instance, Chinese government focus on the development of standards along with the converging establishment of an IoT standards association in the country. As per the Chinese government, the government has selected 202 cities in the year 2014 to pilot the city projects.

The urban and metro cities of China which includes mainly Beijing, Guangzhou, Hangzhou and Shanghai have established extensive database and sensor networks integrating IOT to collect, store and analyse the information and data related to transportation, public safety, electricity and public safety.

Similarly, a program named Things Connected is an innovation support program set up by the Digital Catapult in United Kingdom with an aim to help UK’s small & medium enterprises and business to bring low power WAN based solutions faster to market. Remote accessibility for many operational technology systems is now possible with the help of the IT integration considering the risks of connectivity were also not considered before.

With the advent of Industry 4.0 initiative, the gap between IT and OT is reduced, and manufacturers have started realizing the benefits of bringing IT and OT together in the connected factory as it enables to speed up production, reduces the cost of monitoring asset and also minimizes energy and time consumption in any manufacturing process.

Further, emphasize is also on self-organized logistics that have the ability to respond to unexpected changes such as mishandling of load, etc. in production. Hence, rising adoption of industry 4.0 initiative has given a huge boost to the convergence of IT and OT which positively influence the growth of the IoT in manufacturing market during forecast period 2017-2024.

North America: The most lucrative region

The North America dominates global IoT in manufacturing market owing to the deployment of advanced IoT technolgies such as Industry 4.0 initiative, augmented reality and virtual reality. Additionally, increasing digitization in manufacturing by large organizations and growing number of SMEs have also positively influenced the growth of the North America IoT in manufacturing market.

Similarly, region holds the leading postion in market owing to the well-established economies, encourging them to promote R&D activities to adopt IoT in manufacturing sector.

Furthermore, the dominance of key market players in this region such as Cisco Systems (U.S.), IBM (U.S.), PTC (U.S.) and General Electric (U.S.) is also influencing the growth of its IoT in manufacturing market.

Note: Product cover images may vary from those shown
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  • Bosch (Germany)
  • Cisco Systems (U.S.)
  • CSC (U.S.)
  • General Electric (U.S.)
  • Hitachi Data Systems (U.S.)
  • Huawei (China)
  • IBM (U.S.)
  • Microsoft (U.S.)
  • PTC (U.S.)
  • SAP (Germany)
  • Schneider Electric (France)
  • Siemens (Germany)
  • Verizon (U.S.)
  • Wind River (U.S.)
  • Zebra Technologies (U.S.)
Note: Product cover images may vary from those shown
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